#Bitcoin Bitcoin: Are we ready for the next crypto bull run? Published 1 month ago on February 18, 2019 By Layla Harding Share Tweet The crypto world has been suffering from a bear run for last one year. It has reached to a ground level after its historic peak in 2017. The value of various cryptocurrencies has been dropped significantly. Now, as the trend of any financial market, a bull run is expected after the bear run. Since the bear market achieved by crypto space is so big, a bull run is unavoidable to come. But the confusion was when? It could have been tomorrow or after some months or some years. But if we go through the recent trends of the crypto space, the next bull run is going to arrive very soon. Let’s discuss some points which prove that the next bull run of the crypto market is going to arrive very soon and we should be ready for that. 1. Improvement in the value of bitcoin and other cryptocurrencies in the last 24 hours: Slowly but gradually, bitcoin has started to rise once again. If we discuss the value of bitcoin on 18 February 2019, it started on $3574 on the mid-night and by the end of the day, the value had an increment of $376, reaching at $3950. This is indeed a good sign for both the bitcoin as well as the crypto space. Even if we talk about the monthly comparison, it was $3441 at the starting of this year. If we focus on the second largest cryptocurrency, Ethereum has also visited a growth of around 17% on 18 February 2018, reaching around $147 from $126. Not only the above two, rather other cryptocurrencies like Ripple XRP, Litecoin etc. also have started to rise. This significant rising in the value of several cryptocurrencies could be a sign of returning of bull run of the crypto market. This means that the bull market of crypto space is on the verge to arrive and we should be ready for it. 2. The chances of the stock market to crash: Another prominent reason for the blossom of the bull run of the crypto market is the prediction of crashing of the stock market and that too soon. There have been the signs that the stock market would crash this year but the signs of crashing have increased significantly. The stock market has seen various factors such as high volatility in recent days, the high-interest rates in US etc. These factors are the sign of crashing of the stock market. Since, there is an inverse relationship between the stock market and the crypto market, with the soon crashing of the stock market, one can assume that the next bull run of the crypto market is going to hit very soon and the investors should be prepared about this. 3. History of bear run and bull run in crypto history: Bear run and bull run- both are the two faces of a coin. One goes and one arrives. If we carefully look at the history of bitcoin from 2009 till today, we can get the trends it has followed in the past. The first bull run it faced after being invented was in mid-2011 when the price rose from $1 in April 2011 to $31 in July 2011. Then a bear run was faced after that it lasted around one year when the value went down to $2.00. Again after this bear run, a massive bull run returned rising bitcoin to $1200 in 2013. After February 2014, again a bear run came and lasted till early 2015 and the price falling down to $200. And again the historical bull run came and led it to $19000 in 2017. After that, the crypto space is facing a bear run. So, if we look at these historical data, we get to know that it’s time for the next bull run and we must be ready for that. 4. The reason for big firms entering the crypto space: The crypto space has not been limited to just small and new companies only. The tech giants are taking the interest in this and this may be the sign that they have understood that the next bull run in so close. If we talk about Microsoft, it in on its way to launch and collaborate with Bakkt, there are also sgn of Apple working on blockchain etc. Recently, JP Morgan has also launched one of its stable digital coins. The trade analyst of these mega giants companies has understood that the next bull run can return anytime and you should also be ready for that. Every element of crypto space is waiting for the bull run to return in the crypto space. The investors, the traders, the cryptocurrencies, big firms etc. all are waiting for the next bull run and if we consider the latest trends such like of above-mentioned ones, you must be ready for the next bull run of crypto market and bitcoin. Related Topics:Bitcoinbitcoin bull runbitcoin chartbitcoin pricebitcoin tradesbitcoin tradingBlockchainbtc bull runbtc chartbtc pricecrypto chartscrypto market riseCRYPTO PRICEcryptocurrency priceethereum pricejp morganlitecoin priceripple pricestock marketXRP Price Up Next Alert: Polkadot Blockchain: A threat to Ethereum? Don't Miss Ripple Price Analysis: XRP Ready for the Major Bull Run? Continue Reading Advertisement You may like ETH Price Analysis: Has Ethereum turned bearish? Mt Gox: Has the time come when Mt.Gox Creditors will be paid? Cryptocurrency Price Analysis: Great Week for the top 10 Ripple Price Analysis: XRP going to fall or rise? Bitcoin Price to $4500 soon? BTC Price Analysis Tom Lee: Bitcoin Bull Market Coming Soon 1 Comment 1 Comment Pingback: Bitcoin: Are we ready for the next crypto bull run? - Satoshiuncle Leave a Reply Cancel reply Your e-mail address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Cryptocurrency Price Analysis: Great Week for the top 10 Published 24 hours ago on March 21, 2019 By Layla Harding The current week has proved to be quite amazing for the cryptocurrency market as all major coins are holding green. The total cryptocurrency market rose by around $1.5 billion yesterday night with the price of bitcoin reaching $4100. Bitcoin: BTC/USD Weekly Price Chart Bitcoin broke the $4000 resistance level on 17th March and has been over this range since then. Bitcoin has turned the previous resistance into strong support now and has moved upwards slowly currently trading around $4120 (according to Bitfinex chart) with around 1% increase in the last 24 hours. If bitcoin is able to maintain its position above $4100 range for long, it might soon move ahead towards the major long term resistances such as $4500 and $4600. Altcoins: ETH/USD Weekly Chart Ethereum also saw a nice bullish momentum this week after reaching the highest point of $143. Currently, Ethereum is trading nicely around $140 and is experiencing a few dips while trying to move upwards. Unlike other top 10 coins, Ripple market is experiencing volatility from the last week but the momentum is still quite bullish. LTCUSD Weekly Chart Litecoin has been following trends and is steadily trading around $60 from the start of the week. Litecoin has increased more than 1.67% in the last 24 hours which makes it the best performing crypto of the day (in comparison with the top 10 cryptos according to market capitalization). LTC is currently trading around $61 (according to Bitfinex chart). The overall cryptocurrency market is in a bullish momentum with sings of further gains. After a long bearish trend, cryptocurrency analysts are now believing that the bull market might be coming soon. Continue Reading #Bitcoin Tom Lee: Bitcoin Bull Market Coming Soon Published 2 days ago on March 20, 2019 By Layla Harding Tom Lee, the co-founder of Fundstrat Global also known as the bitcoin bull has predicted that the price of bitcoin will likely experience a bullish run in the next 5 to 6 months. Lee predicted this during an interview with the CNBC. According to Lee, the 200 daily moving average is the number to keep in mind. If bitcoin is able to stay above $4000 till August this year, it will cross the 200 daily moving average and thus technically the overall chart would start to look bullish. During the interview, he also mentioned that the future of bitcoin and other cryptocurrencies lies on the fact of whether it becomes an asset class and bitcoin is still in the early days of becoming one. Although Tom Lee has been quite bullish about the price of bitcoin, Fundstrat had recently posted a warning that the cryptocurrency market might crash to a new bottom before actually starting a bull run. Tom Lee on JP Morgan Coin: In the interview, Lee also expressed his concerns regarding the recently launched JP Morgan Coin which is a stablecoin launched by the banking giant JP Morgan Chase. He said that things such as the JP Morgan Coin and Facebook Coin create use cases for cryptocurrencies and according to him, the JPM Coin is surely not a competitor to bitcoin as it is a stablecoin in nature. Continue Reading #Bitcoin Alert: Bitcoin Breaks Record, Highest Hash Rate Since November 2018. Published 2 days ago on March 20, 2019 By Janet F. Sanchez The hash rate of bitcoin which is the power that secures the bitcoin network has recorded the highest level yesterday (19th March) since last year November. The Bitcoin hash rate passed over fifty-two quintillion hash per second in accordance with the data feed on Blockchain.com. Bitcoin Hash Rate: Bitcoin hash rate is the computation of the performance of bitcoin miners. In simpler terms, as the hash rate goes higher, the bitcoin network becomes more secure. It becomes more difficult to attack the bitcoin network as an attacker would need increased resources in order to attack the network. The increasing hash rate also depicts the increase in the number of bitcoin miners. As the BTC mining difficulty level is quite stable now, more and more miners are joining the bitcoin network. Although, the increasing hash rate would eventually result in an increase in the overall difficulty level. Bitcoin hash rate 19th March 2019 The bitcoin network security is at its peak since November last year. The highest hash rate ever recorded has been around 62 quintillion hash per second in August last year. Looking at the current chart, it depicts that the hash rate might even cross this level in the coming time. The increased hash rate also builds up confidence in the minds of the miners as it shows the overall security of the bitcoin network and thus predicting a secure future of the investment of the miners. Thus, overall, more and more miners are now joining the bitcoin mining network after a subsequent decrease last year which led to a lot of miners moving out of the mining business. Bitcoin price analysts believe that the hash rate of the network follows the price of bitcoin as it helps them in speculating the future price of BTC. During last year’s bear market, the hash rate also fell drastically which led to a lot of miners shutting down and the mining equipment were being sold at waste prices. Now as the hash rate is rising, miners are again turning on their mining rigs and moving back to business. 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